This Marijuana Stock Is Trying Everything Imaginable to Avoid Being Acquired
When discussing the fastest-growing industries in the United States, legal marijuana is probably at or near the very top of the list. According to Marijuana Business Daily's newest report, "Marijuana Business Factbook 2017," U.S. weed sales are expected to grow 30% in 2017, 45% the following year, and jump by an aggregate of 300% between 2016 and 2021 to approximately $17 billion. This type of consistent growth isn't lost on investors, which is a big reason why they've piled into marijuana stocks.
Yet, there's a pretty clear bifurcation ongoing in the North American weed market. In the United States, despite nearly two out of three Americans favoring its legalization, per an October 2017 Gallup survey, it remains a Schedule I substance. As a wholly illegal substance, marijuana isn't recognized as having any medical benefits. In fact, tax laws and a lack of access to basic banking services make it really difficult to operate a pot business in the U.S.
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Source: Fool.com
